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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - ARS ($) | 12 Months Ended
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Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Shares issued and fully paid | 984,380,978 |  | 984,380,978 |  | 984,380,978 |
Nominal value (in pesos per share) | $ 1 |  | $ 1 |  | $ 1 |
Treasury shares (in shares) | 15,221,373 |  | 15,221,373 |  | 15,221,373 |
Treasury shares | $ 461,000,000 |  | $ 461,000,000 |  | $ 461,000,000 |
Dividends | $ 4,151,000,000 | [1] | $ 2,000,000,000 | [2] | $ 804,000,000 | [3]
Treasury shares, Capital nominal value |  |  |  |  |  |
Nominal value (in pesos per share) | $ 1 |  | $ 1 |  | $ 1 |
Treasury shares (in shares) | 15,221,373 |  |  |  |  |
Percentage of treasury shares to total capital | 1.55% |  | 1.55% |  | 1.55% |
Pesos |  |  |  |  |  |
Dividends | $ 4,150,312,272 |  |  |  |  |
[1] | As approved by the Company’s Board of Directors’ Meeting held on December 18, 2017. The amount in pesos is $ 4,150,312,272, which was rounded in this Consolidated Statement of changes in equity to be presented in millions of pesos to 4,151.
[2] | As approved by the Company's Board of Directors' Meeting held on April 29, 2016.
[3] | As approved by the Company’s Ordinary Shareholders’ Meeting held on April 29, 2015.

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